1581 County Road 559
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 18, 2023 | Sold | ||
| Sold | |||
| Sep 30, 2022 | Listed by Rayburn Realty Inc. | $249,500 | |
| Listed by Rayburn Realty Inc. | |||
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Beautifully renovated 2001 sq ft home on 2.5 acres in Morgan Cove addition. Gorgeous laminate floors, trendy wood burning fireplace, butcher block countertops, 3/2 and a bonus room that could be used as a 4th bedroom. The home also features a separate mud room that adjoins to a large laundry room. A nice detached garage for all of your lake toys and plenty of space on 2.5 acres for a metal shop, if you so choose! Only minutes from a public launch to enjoy beautiful Lake Sam Rayburn. The largest man made lake in Texas boasting top standings in the nation for bass fishing.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017